“There’s a Sucker Born Every 60,000 Milliseconds” — Robert X. Cringely
Do you ever get those strange spam email messages promoting some little company of which you’ve never heard before, saying that its stock price is about to go up and you should buy it?
These are called “pump and dump” scams. Basically, the scammers buy the stock when its low, spam people so that a few dumb people will buy a lot of it, and when that drives up the price then the scammers sell at a profit. So with that in mind, check out this one I got today:
How do you feel about enriching yourself by means of war? It`s right time to get this done! As soon as the US takes military action against Syria, oil prices will rise as well as MONARCHY RESOURCES INC. (M_ONK) share price! Begin earning dollars on September 02nd, purchase M_ONK shares!
Okay, scams are bad. I’m clear on that. Still, I can’t help but appreciate that the people who will lose money on this are the same ones who, by definition, have no ethical quandary about enriching themselves by means of war. Those who live by the sword cry by the sword, and all that.